Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Development Land with Highway Frontage Title is generated by Realmo AI

    Interstate 45, Fairfield, TX 75840

    View on Map
    Claim this Listing
    For Sale
    $1,515,000

    LAND - Fairfield, TX

    Lot size:
    60.68 Acres
    Added:
    Oct 26, 2025
    Days on Market:
    221
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for Interstate 45

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Cleared, Grassed, Wooded
    Exterior features
    PrivateEntrance
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    9509
    Lot size
    60.68 Acres

    Taxes and HOA fees

    Tax Description
    I CARRODINE A-116
    Tax Annual Amount
    80

    Building Details

    Additional Structures
    Corral(s)

    We can help!

    Listing Contact
    Jill Pratt

    Listing agent Jill Pratt License #0837318

    Listing office Keller Williams Realty Waxahachie, TX

    Listing date Oct 26, 2025

    MLS# 21096293 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 60.68‑acre tract with more than 2,500 ft of frontage along the I‑45 corridor
    • Currently used for recreation and cattle, with a mix of wooded acreage and open pasture clearings
    • Gate and fenced perimeter features, plus a private entrance
    • I‑45 expansion to three lanes in each direction is underway, supporting future traffic access

    Overview

    This 60.68-acre tract is positioned along the I-45 corridor and currently used for recreation and cattle. The property includes a mix of wooded acreage and open pasture clearings, offering flexible land character for a range of future site plans.

    With more than 2,500 feet of highway frontage, the site is designed for high-visibility exposure from one of Texas’ busiest travel routes. It is located about three miles south of Fairfield, and I-45 is currently being expanded to three lanes in each direction, which may further improve accessibility and prominence for future development.

    Given its combination of frontage, acreage, and clearings, the property is well-suited for buyers looking to develop commercial, industrial, or storage uses. It also presents an attractive option for investors seeking long-term value in a growing area while securing a prime corridor location for future opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Fairfield
    County
    Freestone
    State
    Texas
    Longitude
    -96.16266196
    Latitude
    31.65660744

    Nearby Similar for Sale

    • $750,000
      5,600 SF

      Flexible Training and Office Facility

      Versatile property with office buildout, classroom space, and a bay area with multiple roll-up doors.
      424 State Highway 75 S, Fairfield, TX 75840
      View Details
    • $1,450,000

      Automotive Service & Tire Shop

      Turn-key tire and service shop with established contracts, plus onsite real estate, equipment, inventory, and staff in place.
      141 N Fairway, Fairfield, TX 75840
      View Details
    • $1,700,000
      11,162 SF

      Commercial Land Corner Opportunity

      Prime commercial corner property near I-45, offering flexibility to buy the building alone or with an established business.
      475 W Commerce Street, Fairfield, TX 75840
      View Details
    • $189,900

      Historic Corner Commercial Building

      Corner location with tall front windows and street parking, offering flexible space for office, legal, retail, or insurance use.
      101 E Commerce Street, Fairfield, TX 75840
      View Details
    • $135,000

      Commercial Land with Strong Frontage

      A flexible Fairfield tract with excellent frontage width for commercial development opportunities and broad buyer use cases.
      220 Williford Street, Fairfield, TX 75840
      View Details
    • $8,500,000

      Industrial Development Land with Multiple Entrances

      TXDOT-approved access points from IH-45 and US Hwy 84 support flexible development planning for multiple commercial uses.
      443 W HWY 84, Fairfield, TX 75840
      View Details
    • $55,000

      Charming Retail Storefront with Open Layout

      Mostly open interior layout and updated systems make this small-footprint building ready for a new tenant or owner-operator.
      815 S Fairway Street, Fairfield, TX 75840
      View Details
    • $706,595

      Unimproved Land Tract with Hunting Cabin

      Unrestricted 108-acre tract outside city limits with an electricity-equipped hunting cabin and recreation-ready amenities.
      FCR 540, Fairfield, TX 75840
      View Details
    • $500,000

      Gated Hunting Tract with Ponds

      A 50-acre recreational property with dense cedar cover, open spaces, ponds, and gated access for weekend hunting and camping.
      210 FCR 521, Fairfield, TX 75840
      View Details
    • $195,000

      Heavily Wooded Recreational Acreage

      Approximate 20-acre wooded tract with an agricultural exemption and utility access for low-tax recreational or homestead use.
      132 Private Road 507, Fairfield, TX 75840
      View Details
    • $255,000

      21.2 Acres Unimproved Land

      21.2 acres with service road frontage and no restrictions.
      720 Interstate 45 S, Fairfield, TX 75840
      View Details
    • $315,000

      Versatile Ranched Acreage with Cabin

      A flexible, fence-enclosed ranchette with cabin, grazing pastures, and horse facilities for a range of country uses.
      130 FCR 505, Fairfield, TX 75840
      View Details

    FAQs

    What type of property is this?
    Ranch - A 60+ acre tract with extensive I-45 frontage, suited for commercial, industrial, or storage development planning.
    Where is this ranch located?
    The property is located at Interstate 45 Fairfield, TX.
    What is the asking price?
    The asking price for this property is $1,515,000.
    What are key features of this property?
    This property features: 60.68‑acre tract with more than 2,500 ft of frontage along the I‑45 corridor; Currently used for recreation and cattle, with a mix of wooded acreage and open pasture clearings; Gate and fenced perimeter features, plus a private entrance
    (972) 935-5251
    We can help!
    Listing Contact
    Jill Pratt
    Real Estate License ID: 0837318
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Interstate 45, Fairfield, TX 75840
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!